HO CHI MINH CITY SEEKS INVESTMENT FOR SEVEN MAJOR PROJECTS

HCM City is seeking foreign investment over the next five years for seven major projects, including four metro lines.

The projects include the second phase of the Metro Line No. 2, which connects Ben Thanh market with Thu Duc district’s Thu Thiem ward and Tham Luong to Tay Ninh bus station in Cu Chi district.

The second construction phase will be 9.1 kilometres in length and cost around 1.4 billion USD. It will help connect the city’s northwestern regions to its centre, as well as connect the Thu Thiem railway line to the future Long Thanh Airport in Dong Nai province.

The second project, Metro Line No. 3A (Ben Thanh – Tan Kien), is 19.5 kilometres long and costs 1.8 billion USD. It will connect to metro lines at the upcoming Ben Thanh Station in District 1 to transport travelers from the city centre to southwest provinces.

The third is Metro Line No.4 (Thanh Xuan – Hiep Phuoc Industrial Park), which is 36.2 kilometres long and costs over 4.5 billion USD. It will run across the city’s urban areas and Ben Thanh.

The last line is the first phase of Metro Line No. 5 (Bay Hien intersection – Sai Gon Bridge), which is nearly 9 kilometres and will cost over 1.7 billion USD. This line was among the metro lines prioritised for investment in 2012 – 2015 and 2016 – 2020, but was unsuccessful in attracting investment.

For this metro line, the city wants to work with governmental organisations with official development assistance funds, large corporations, and traffic infrastructure investors that are financially and technologically capable.

Three other projects include Thu Thiem financial centre, a centre for conferences, exhibitions, hotel and commercial services, and a Rach Chiec Sport Complex, all of which are to be built in Thu Duc district.

The project proposal is part of a report on national projects to call for FDI, which the city People’s Committee has recently submitted to the Ministry of Planning and Investment.

The city has been facing challenges finding investment in such traffic projects because investors do not see the benefits of investing in the projects or are hesitant to invest because they are all done on a massive scale and require a vast amount of capital.

Regulations on private – public partnership investment in traffic and railway projects still contain some weaknesses, according to the city.

Source: VIR

Related News

BANKING / FINANCE / INSURANCE / TAX

BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY

Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS

Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1

Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.

Apr 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY

According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND

Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.

Apr 23, 2026